Facebook’s earnings for Q3 2013 exceed expectations

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The numbers are in for Facebook, the social network has posted its financial earnings report for the third quarter of 2013.

The company, following a slow start thanks to a sketchy IPO and stock price drop, managed to exceed expectations for the quarter, building on positive results for Q2 2013.

Facebook was expected to post revenues of $1.91 billion but Mark Zuckerberg’s company topped projected earnings, reporting $2.02 billion for Q3. Facebook has seen earnings of 25 cents per share as a result of their Q3 results.

Facebook’s performance is being ascribed to improved mobile revenues, which accounted for 49% of the company’s overall revenue – up from 41% of the overall total in Q2.

Source: The Verge

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